Debtfair: my plan to solve the credit crisis

So there we were at the Regency Café, lingering over our fry-ups and our mugs of tea, when suddenly I felt an idea welling up inside me. "Hang on," I said, "I've got an idea."

James and Wyldbore and Hugo and Batt looked at me indulgently. "Look," I said, "you've got all these pensioners with money in the bank, and they're upset because they're only getting 2 per cent interest. Then you've got all these credit-worthy people who can't get loans. Couldn't we put one lot in touch with the other lot?"

"Yeah," said James, "we could set up a website".

"Yeah," said Wylbdore, "we could call it Debtfair."

"Yeah," said Hugo. "It's such a good idea, I can't even be arsed to implement it. We should just sell it and make a fortune".

"You're all forgetting something," said Batt. "The FSA would stop us. The first job of every quango is to defend the status quo. They'd pretend it was to protect consumers or something, but their real motive would be to protect the people who fund them".

He's almost certainly right. This blog has pointed out over and over again that Britain is run by and for its quangos. Still, I offer the idea of Debtfair for anyone brave enough to try it.